Week Ahead November 6 – 10
EURUSD pair closed last week’s trading session higher on disappointing non-farm payroll number from the US. The FED maintained interest rates unchanged as it was widely expected, Although, the press conference by FED’s chairman Jerome Powell was taken as dovish by market players and this triggered a selloff in US Dollar. The speech of Hezbollah leader, also gave some relief in the markets as he comments that Hezbollah will not join the war between Israel and Palestine, meaning that, at least for now the war will not spread in the region.
As for this week traders and investors will focus on the economic releases from both sides, the US and the EU. As FED’s Powell said in his press conference, the next rate decision will be solely depended on the US economic performance. FED’s Powell is due to speak on Wednesday.
On the economic calendar we have on Wednesday, the German Harmonized index of consumer prices to remain unchanged at 3% and European retail sales lower at -3.2% On Friday, US Michigan consumer sentiment expected higher at 64
Technically the picture is neutral after last week’s break above (23.6%) and close at 1.0727 In this week’s trading session if pair continues on the upside and break above (38.2%) level will change the picture to positive and could open the road for 1.0887 (50%) If resumes on the downside it will retest 1.0624 (23.6%) Our traders are long at 1.0530 targeting profits above 1.0900 we are expecting more buyers at 1.0624 and short sellers at 1.0965
GBPUSD pair closed last week’s trading session higher on disappointing non-farm payroll number from the US. The FED maintained interest rates unchanged as it was widely expected, Although, the press conference by FED’s chairman Jerome Powell was taken as dovish by market players and this triggered a selloff in US Dollar. The BOE also maintained the interest rate unchanged, although, the press conference was somehow hawkish as the central bank kept the door open for more rate hikes as inflation stills persist and pointing higher, and this boosted demand for GBP and helped the pair to rally on the upside. The speech of Hezbollah leader, also gave some relief in the markets as he comments that Hezbollah will not join the war between Israel and Palestine, meaning that, at least for now the war will not spread in the region.
As for this week traders and investors will mostly focus on the speeches of FED’s Powell and BOE’s Governor Bailey. The light economic calendar from both sides, is not expected to generate any volatility.
On the economic calendar we have on Friday the UK Gross domestic product pointing lower at -0.1% and US Michigan consumer sentiment higher at 64
Technically the pair is neutral after last week’s break above (23.6%) and close at 1.2379 As for this week, if pair continues on the upside, will need to break and close above 38.2% to change the picture to positive. Alternative, if resumes on the downside, and breaks below 1.2300 will open the road for 1.2050 Our traders are long at 1.2150 targeting profits above 1.2700. We are expecting more long positions at 1.2300 and short sellers at 1.2700
更详细的经济日历事件，请访问我们的实时经济日历。
https://tentrade.com/economic-calendar/
*本资料不包含任何金融工具的交易要约或交易招揽。Ten.trade对可能使用这些评论以及由此产生的任何后果不承担任何责任。 没有代表 对这些信息的准确性或完整性不做任何保证。因此，任何根据这些信息行事的人完全是在 自己的风险.差价合约是杠杆产品。差价合约交易可能不适合每个人，并可能导致你失去所有的投资资本，所以请确保你完全了解其中的风险。
